• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Zim inflation rises to 3.38%

Nov 19 2012 09:12 Malcom Sharara, Fin24’s correspondent in Zimbabwe

Related Articles

Biti: Zim economic outlook bleak

Zim sees 8.9% growth in 2013

Zim orders hike in banks' capital base

Zim gains from weaker rand

IMF eases restrictions on Zim

Zimbabwe's inflation decreases

 
Harare -Zimbabwe's October inflation rose 0.14 percentage points to 3.38% after having decelerated for the past three months.

The downward trend in inflation was attributed to fluctuations in real demand for goods and services largely because of the low disposable incomes among the majority of the public.

Last month, the main upward pressure on the rate came from transport after the September fuel price increase, with smaller upward contributions from food and non-alcoholic beverages, alcohol, tobacco and clothing - footwear.

Generally because of the tight liquidity situation, there is an across-the-board weakness in consumer spending; however, as we move towards the end of the year major retailers will stock up with imported items heading towards the festive season.

This increases imported inflation, especially when the rand is strengthening.

The year-on-year food and non-alcoholic beverages inflation stood at 5.20%, while non-food inflation stood at 2.58%.
However, the month-on-month (m/m) inflation rate in October was 0.26%, shedding 0.20 percentage points on the September rate of 0.46%.

The m/m food and non-alcoholic beverages inflation stood at 0.46% in October, shedding 0.62 percentage points on the September 2012 rate of 1.08%. M/m non-food inflation stood at 0.17%, dropping 0.02 percentage points on the September rate of 0.19%.

Consumer price index for October stood at 102.63, compared to 102.36 in September 2012 and 99.28 in October last year.
 
zimbabawe  |  economy
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Police allowed to become brutal - DA lawyer

A DA election advert depicts how the government has allowed the police to become brutal, Icasa's complaints and compliance committee has heard.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...